JBH 0.21% $81.66 jb hi-fi limited

to short or not to short

  1. 350 Posts.
    Chart wise, like everyone is saying, this thing could go either way. For the past couple of months, I looked at JBH as a perfect short anytime it came near $14. There was no way a stock such as JBH could be going up and trading around $14. And so far its been a good trade. So it has come near the $14 mark again and people are wondering if its another short. I think yes, however there are a couple of differences this time. 1. the AUD is much stronger now, which is a plus to its bottom line and 2. the economic data looks to be turning around.
    Even with these two key differences, the future for JBH isn't the greatest and I believe the $14 mark will be tested, the steam loss and it will head down again.
 
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Last trade - 16.10pm 04/11/2024 (20 minute delay) ?
JBH (ASX) Chart
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